Jamie McKane
MyBroadband Journalist
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Cell C moves to delay debt payment
South African wireless carrier Cell C Pty Ltd. has begun talks to delay debt payments and hired consultants to probe its business practices and advise on a restructuring, sending shares in its biggest investor to a decade low.
Cell C is laboring under 8.9 billion rand ($639 million) of debt and trying to secure new funding from a consortium of investors.
[Bloomberg]
South African wireless carrier Cell C Pty Ltd. has begun talks to delay debt payments and hired consultants to probe its business practices and advise on a restructuring, sending shares in its biggest investor to a decade low.
Cell C is laboring under 8.9 billion rand ($639 million) of debt and trying to secure new funding from a consortium of investors.
[Bloomberg]
